A constitutional court in the Central African Republic has reportedly ruled that the Toudera government’s offer of land and citizenship to the purchasers of the Sango coin is unconstitutional. The court said the sango-coin-citizenship scheme should be put on hold because the country’s “nationality has no market value.”
Offer of land and minerals to Sango Sikka investors ruled unconstitutional
In a move likely to derail the crypto ambitions of the Central African Republic (CAR), a constitutional court has ruled that the government’s plan to grant full citizenship to investors in its Sango Coin cryptocurrency is illegal. Further, the court held that the government’s offer of access to land and minerals such as gold to Sango coin buyers is unconstitutional.
According to the court, the country’s “nationality has no market value,” so the government of President Faustín-Arcanz Toudera should stop promising citizenship to investors who buy $60,000 worth of Sango coins.
The government says it respects the court’s decision
Responding to the ruling, Albert Yalok Mokpeme, a spokesman for the CAR Presidency, reportedly said that the government would now look for other ways to reward Sango coin holders with land and citizenship. he said:
We respect the court’s decision and are now looking for another way to give land and citizenship to investors.
At the time of writing, President Toudera, who has tweeted regularly about his government’s ambitions, has not issued a statement. On the other hand, a website tracking Sango coin sales shows that there are over 194 million unsold coins, more than a month after the token sale began.
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